Speaking yesterday, April 27, 2015, at the 2015 Milken Institute Global Conference, Guggenheim CEO, Scott Minerd, said, “It is going to end badly.” CNBC co-host of Power Lunch asked Minerd, “When we look around the world there are literally trillions of dollars in assets that have negative real yields. In other words, it costs you money to own these vs. you getting paid. We have never been here before. How does this end?”
Minerd said, “Brian, at the end of the day, it’s going to end badly. Eventually all of these assets around the world, as QE continues are going to become more and more overvalued. We’re seeing it in portions of the stock market, bonds I would tell you that a bond yielding less than 1 percent in the United States for the next 10 years — that’s not an adequate return. Some day when liquidity gets turned off around the world we are going to have a nasty hangover. But, the party is still going on, the punch bowl is out, enjoy the party.”
Yes, the stock market has been doing very well in recent years and Barack Obama is more than happy to take credit for it. But WHY it is doing well will end in disaster for the U.S.
QE, is quantitative easing, and here is Peter Schiff to explain it for those unaware as to what is going on and why the federal government is setting us up for serious failure. You have been warned. WATCH THIS VIDEO TO EDUCATE YOURSELVES.